Baidu Inc, BIDU works with searching services on the internet, internationally, as well as in China. The two segments it operates under are iQIYI along with Baidu Core. The latter of these segments includes the Baidu App, among several other products for aid. The app, in particular, helps with looking for feeds and search access and is mainly designed for the cellphone. The Baidu Search helps look for other services in several other properties and its Union partners. Other products include short video apps, Quanmin, and Haokan.
The company opened on Friday with $238.87 million. NASDAQ: BIDU witnessed a fantastic growth for short interest. The month of December saw a rise in the sales of shares of Baidu Inc. The firm reported a short interest of 9,750,000 shares in sum. It began in the middle of the month with a rise of 33.6%. About 3.6% of shares of the firm had been sold in the short interest period.
Other Reports On NASDAQ: BIDU
On Tuesday, the company announced that its board had approved a repurchase of shares. The company can now buy shares of $0.00. The moving average for just fifty days stands at $187.00. The same average for over two hundred days $142.58. Their debt-to-equity ratio is 0.31. Their current and quick rates stand at 2.65 and 2.65, respectively. The stock value at the market stands at a whopping $82.61 billion.
Several researchers reported their weighings on BIDU. One of these analysts said a rating of “buy.” Barclays reported an “overweight” rating on the firm’s share rates. While one analyst gave the prices a hike to $210.00, another showed a solid rating of “buy.” The firm received yet another large spike from JPMorgan, who rated the shares at an “overweight” value. On average, from nineteen analysts, four gave a rating to the shares as to be “held” while fifteen others rated the share a strong buy with an overweight report.